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To improve credibility, Sebi may review norms for credit rating agencies

The move follows controversy over rating actions on firms like Reliance Communications

Press Trust of India  |  New Delhi 

Market regulator Securities and Exchange Board of India (Sebi) is looking to review the framework for credit rating agencies as it seeks to check the menace of 'rating shopping' and pick-and-choose approach in their actions. The move follows controversy over rating actions on firms like Reliance Communications (RCom). Sebi, which has the mandate to regulate credit rating agencies in the country, plans to soon come out with a detailed discussion paper on the issue. The draft norms are expected to be put in public domain for comments from all concerned stakeholders and the ...

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First Published: Thu, June 22 2017. 19:27 IST
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